CIFC partners with Israeli firm on inaugural CLO investment fund
IBI Investment House has partnered with CIFC Asset Management to launch an inaugural CLO fund named IBI CLO Strategies Fund

17Capital raises '‘largest debut private credit fund' since 2009
17Capital has closed what it claims is the ‘largest debut private credit fund raised globally since 2009’ as its inaugural NAV lending private credit fund hit its €2.6 billion hard cap. The fund's carried interest is also tied to a charity pledge

Accunia seeks diversification with Euro CLO equity fund
Accunia Credit Management’s first fund geared predominantly to secondary European CLO equity has been launched with a view to ensuring better diversification across managers and vintages, according to portfolio manager Christian Grane

CLO ETF crowd grows as Janus Henderson ETF passes $1bn
CLO exchange traded funds are flourishing as investors flock to floating rate assets, and New York-based managers AXS and VanEck are taking advantage by registering CLO ETFs with US regulators

Pipeline planning drives rise in captive CLO equity funds
There’s never been a better time to raise CLO captive funds. That’s according to Credit Suisse’s head of CLO new issues Brad Larson, who spoke about the benefits of such funds at Creditflux’s CLO Investors Summit in New York last month

Credit funds at a glance (April 2022)
A round up of fundraising and people moves in credit  

Past returns: Highland’s Brazilian ‘CLO’
In Creditflux 10 years ago, we reported that Highland Capital Management was launching a regulated fund backed by Brazilian credit in a tranched structure consisting of senior debt and equity

StepStone sets out new path with Mexican securitisation
StepStone Group says its securitisation of private credit opportunities for Mexican investors has left a template for other managers to follow.

LP round up: Oak Hill wins $3bn mandate as credit allocations near $10bn in March
Institutional investors revealed over $9.5 billion of allocations to credit funds in March. Oak Hill Advisors walked away with the largest mandate, as US heavyweight pension Calpers allocated a whopping $3 billion across several of its funds

CapitalSpring rustles up $950 million food-focused direct lending fund
At closing time, CapitalSpring's direct lending fund has exceeded its target

Pretium collects $1.7 billion for second residential mortgage credit fund
Pretium has closed second residential credit fund at $1.7 billion

Carlyle hits $4.6 billion hard cap on second global credit opps fund
With leverage, Carlyle Credit Opportunities Fund II has around $6 billion of capital to deploy

Thoma Bravo closes software and tech credit fund with $3.3 billion to deploy
SEC filings reveal the vehicle had an original $1 billion target 

Nuveen closes first CLO equity fund at $375 million
Nuveen has closed its inaugural CLO equity fund with over $375 million in capital committed

US CLO manager closes oversubscribed captive equity fund
Post Advisory Group has closed a CLO equity fund after raising $146 million against its target of $120 million

Accunia eyes secondary CLO equity through new fund
Accunia Credit Management has raised a new CLO fund

Debut CLO manager Barrow Hanley closes captive fund with 'at least three' deals earmarked this year
Barrow Hanley has closed its inaugural CLO equity fund, Barrow Hanley CLO Fund I, with the vehicle aimed at providing equity in ‘at least three’ Barrow Hanley CLOs this year

Western unveils Article 8 global corporate bond fund targeting carbon reduction
Western Asset has launched a sustainable global corporate bond fund Western Asset Sustainable Global Corporate Bond Fund, which it says will give investors access to a portfolio targeting carbon reduction

Crestline collects $3.6 billion across three private credit fund closes
The Fort Worth, Texas-based manager has closed its fourth opportunistic credit fund, third direct lending fund and second portfolio financing fund

Experienced structured credit official raises $250 million to lend to VC-backed companies
Peter Thiel-backed investment management firm Tacora Capital has closed its inaugural fund at $250 million

StepStone scores AAA rating for listed bond linked to US direct lending portfolio
StepStone Group has sponsored a $102.5 million securitisation of US direct lending loans that is listed on Mexico’s BIVA Stock Exchange in what it claims is the first transaction of its kind in Mexico

UBP targets sovereign local-currency bonds with Article 8 strategy
Union Bancaire Privée has launched an ESG sovereign local-currency debt strategy, which meets the requirements of Article 8 of the EU’s Sustainable Finance Disclosure Regulation

LP round up: Fidelity wins big, Pacific retains loan mandate, pensions eye distressed
The month also included one CLO fund commitment, one high yield manager search, one finalised US loans mandate and one $400 million multi-sector fixed income managed account mandate

Credit funds at a glance (March 2022)
A round up of fundraising and people moves in credit

US CLO fund wins $16 million from San Jose pension
The $5 billion pension awarded the allocation to a manager's fourth US CLO fund, having previously allocated to its second and third fund